Consolidation: The EUR/USD has been in the habit of rallying, then consolidating sideways. It did so in a larger degree around mid-January for a couple of weeks. Then last week, we had almost a full week of range-bound action before bullish continuation. Yesterday (1/30), the EUR/USD was again trading sideways showing resistance around 1.3585/90, while setting up support at 1.3540, with another support pivot near 1.3530. Breakout scenarios: The 1/31 price action set up the support and is showing some pressure towards the consolidation range high. If it breaks it, it continues the bullish trend toward 1.36 handle and ... (full story)